Incorporating customer design elements and branding specifically for
Volvo Cars, this charging station can be conveniently wall mounted. It
will enable drivers to charge their vehicles up to three times faster
than is possible with a standard cordset.

AeroVironment’s reputation for providing innovative and robust EV
charging solutions was the reason Volvo Cars chose the company for its
third EV charging initiative, this time for a reliable global charging
station. AeroVironment is developing a premium custom EV charger that
aligns with the premium image of the Volvo XC90 and a growing line of
Volvo Cars’ plug-in hybrid vehicles.

“Volvo Cars’ approach to plug-in hybrid electric vehicles positions it
as an innovator, and we look forward to providing Volvo Cars’ customers
with a wall mounted charging station they can rely on to charge safely
and proceed with certainty,” said Ken Karklin, vice president and
general manager, Efficient Energy Systems for AeroVironment. “Our goal
is to ensure that Volvo Cars’ customers have the best possible charging
experience.”

AeroVironment’s charging station design will incorporate global
third-party safety agency certifications for each market including UL,
CE and China CQC. The new charging station will be designed with a
weather-resistant IP55 enclosure and will deliver AC power safely to a
vehicle’s on-board charger both indoors and outdoors.

AeroVironment’s TurboCord™ Dual plug-in EV charger is also a Volvo
Cars-preferred charging solution. The addition of Volvo Cars’
customized global charging station builds on a proven partnership
between the two companies to give customers the ability to reliably
charge their vehicles anywhere. AeroVironment’s new charger will pair
well with the TurboCord model that comes standard in the trunk of the
Volvo XC90 T8 Twin Engine plug-in hybrid. Volvo Cars drivers can now
have the best of both worlds – a charging station in their garage, and
one in the trunk.

AeroVironment is currently the preferred integrated North American home
charging solution supplier for eight global automakers and their growing
fleets of plug-in electric vehicles. With more than 25 years of history
supporting electric vehicle technology and innovation, AeroVironment is
recognized as the leading provider of a broad array of EV charging
solutions that touch everyone from drivers to automakers. More
information on AeroVironment’s EV charging solutions can be found at: www.evsolutions.com.

About AeroVironment

AeroVironment (NASDAQ: AVAV) provides customers with more actionable
intelligence so they can proceed with certainty. Based in California,
AeroVironment is a global leader in unmanned aircraft systems, tactical
missile systems and electric vehicle charging and test systems, and
serves militaries, government agencies, businesses and consumers. For
more information, visit www.avinc.com.

About Volvo

Volvo Car USA, LLC, (www.volvocars.com/us)
is a subsidiary of Volvo Car Group of Gothenburg, Sweden. VCUSA provides
marketing, sales, parts, service, technology and training support to
Volvo automobile retailers in the United States. For more information
please refer to the VCUSA media website at: http://www.media.volvocars.com/us.

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statements" as that term is defined in the Private Securities Litigation
Reform Act of 1995. These statements are made on the basis of current
expectations, forecasts and assumptions that involve risks and
uncertainties, including, but not limited to, economic, competitive,
governmental and technological factors outside of our control, that may
cause our business, strategy or actual results to differ materially from
those expressed or implied. Factors that could cause actual results to
differ materially from the forward-looking statements include, but are
not limited to: the activities of competitors; failure of the markets in
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and general economic and business conditions in the United States and
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and uncertainties, see the reports we file with the Securities and
Exchange Commission, including our most recent Annual Report on Form
10-K and Quarterly Reports on 10-Q. We do not intend, and undertake no
obligation, to update any forward-looking statements, whether as a
result of new information, future events or otherwise.